FactCheck.org clarifies that an opinion piece citing a Treasury report about liabilities exceeding assets doesn’t mean insolvency — this has been the case for decades.
Tag: US Treasury
US Treasury Insolvency Claim Going Viral on Facebook Is False
Fact-checkers debunked viral Facebook posts claiming the US Treasury declared government insolvency explaining the misrepresentation of an opinion piece.
US Treasury Secretary Scott Bessent Testifies Before House on Department Priorities
Treasury Secretary Scott Bessent outlined the Trump administration’s fiscal and economic priorities during testimony before a House subcommittee.
US Treasury Sanctions New Iranian-Linked Entities to Tighten Hormuz-Related Pressure
Fresh US Treasury sanctions targeted multiple entities connected to Iranian oil trade networks as Washington maintained economic pressure on Tehran.
Post Claiming US Treasury Declared Government Insolvent Found to Be Misleading
FactCheck.org debunked the claim that the US Treasury declared insolvency explaining that while government liabilities exceed assets this has been the standard position for decades.
US Treasury Has Not Declared Insolvency Despite Viral Facebook Posts
FactCheck confirmed the viral claim is based on misreading an opinion piece and has no basis in official documents.
US Treasury Insolvency Claim Circulating on Facebook Is False and Misleading
Fact-checkers found a viral Facebook post claiming the US Treasury declared itself insolvent was based on a misreading of routine financial reporting